§ 4820 - Examination authority - Vermont Statutes

§ 4820. Examination authority

(a) The acts of the managing general agent are considered to be the acts of the insurer on whose behalf it is acting. A managing general agent may be examined as if it were the insurer.

(b) A reinsurance intermediary shall be subject to examination by the commissioner. The commissioner shall have reasonable access to all books, bank accounts and records of the reinsurance intermediary in a form usable to the commissioner.

(c) A reinsurance intermediary-manager may be examined as if it were the reinsurer. (Added 1991, No. 249 (Adj. Sess.), § 18, eff. Jan. 1, 1993.)